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The expectation of an economic recovery is unlikely. There will be no sudden increase in the number of high paying private sector jobs, nor boom in American factories.
If you want to promote "Hire American / Buy American", you need to first "Fire Congress / End national socialism".
The bureaucratic paperwork, taxation and regulatory overhead is the major factor that makes American labor and production expensive.
Remember, the last customer in line always pays the tax bill - because all taxes on business and labor get shifted to the last retail transaction. Where else do companies get the money to pay their taxes if not from their customers? Ditto for labor.
The only meaningful way to reverse the situation, is to eliminate the Socialist InSecurity system, and the hordes of parasites that feed upon the American worker.
Why else do companies hire undocumented / illegal aliens for "cash"? It's not always cheaper wages. American companies that hire illegals are "voting" against the socialist burdens that prevent them from making a profit hiring American labor.
If you want to repatriate industries and jobs to America, you have to stop penalizing productive activity and rewarding parasites.
Of course, such a common sense solution is political suicide for any politician to espouse.
Location: planet octupulous is nearing earths atmosphere
13,621 posts, read 12,742,627 times
Reputation: 20050
Quote:
Originally Posted by jetgraphics
The expectation of an economic recovery is unlikely. There will be no sudden increase in the number of high paying private sector jobs, nor boom in American factories.
If you want to promote "Hire American / Buy American", you need to first "Fire Congress / End national socialism".
The bureaucratic paperwork, taxation and regulatory overhead is the major factor that makes American labor and production expensive.
Remember, the last customer in line always pays the tax bill - because all taxes on business and labor get shifted to the last retail transaction. Where else do companies get the money to pay their taxes if not from their customers? Ditto for labor.
The only meaningful way to reverse the situation, is to eliminate the Socialist InSecurity system, and the hordes of parasites that feed upon the American worker.
Why else do companies hire undocumented / illegal aliens for "cash"? It's not always cheaper wages. American companies that hire illegals are "voting" against the socialist burdens that prevent them from making a profit hiring American labor.
If you want to repatriate industries and jobs to America, you have to stop penalizing productive activity and rewarding parasites.
Of course, such a common sense solution is political suicide for any politician to espouse.
Sigh.
We be doomed.
i agree we are doomed in the not so distant future!!!!and was wondering how are we going to live in space if we are doomed.
The expectation of an economic recovery is unlikely. There will be no sudden increase in the number of high paying private sector jobs, nor boom in American factories.
Well, if you say so. Next, someone will probably post a video taken off YouTube to "prove" your assertion. Maybe even quote an article for Wikipedia.
I, personally, think that the republic will survive. We've made it through a civil war, two world wars, and the cold war. We got through the presidencies of Nixon, Reagan and two Bushes. No economic recovery, you say? Seriously unlikely.
However, every recession in US history has been reversed by either a war or "bubble" growth. The only exception was the economic boom of the 1980s which was a direct result of Reagan's economic policy, large scale modernization, and important technological changes in industry and the economy.
The question is, what new industry or technology will allow us to boom again?
Doom? Stop your fear mongering. We made it through Clinton's bubble economy and the subsequent crash fine. We will get through Dubya's recession and come out stronger.
However, every recession in US history has been reversed by either a war or "bubble" growth. The only exception was the economic boom of the 1980s which was a direct result of Reagan's economic policy, large scale modernization, and important technological changes in industry and the economy.
The question is, what new industry or technology will allow us to boom again?
I don't see any recovery possible.
My major reason for dire expectations is the fact that Congress borrowed MORE than it paid interest on the national debt in 2007, 2008 and obviously 2009. (Isn't that what Bernie Madoff was arrested for?)
When Congress can no longer "sell" new investors on their bankrupt deficit spending, their "toxic assets" (repudiated bonds and bills) will collapse the Federal government.
When the Federal government goes bonkers, what then?
Contrary to popular belief, they don't just "print" money (dollar bills).
Pursuant to Title 12 USC sec. 411, every Federal Reserve note is borrowed into existence, at usury. When Congress can't borrow more, it can't issue more FRNs.
(The U.S. Constitution delegates the power to coin money - which means stamp bullion - or borrow money. If Congress ever had the power to create money, it wouldn't need to borrow it.)
FWIW - since 1913, the buying power of the Federal Reserve Note has dropped about 99%. Or that a 2009 $1 has the buying power of a 1913 $0.01.
What that inflation masks is the tremendous growth in taxation, rising from less than 1% (1913) to over 20% (2009). And that's just the Federal tax burden. It's harder to quantify, but the effects of administrative overhead, and waste are also a burden on the American people.
When it takes two working adults to support a modern American family, despite phenomenal technological advances, labor saving devices, and mass production, one must question what our "antiquated" forefathers knew that we didn't?
You can't let the "fleas" run the "dog", without killing the "dog".
According to the report, which covered the last six weeks until April 6, the Fed's banks saw overall economic activity contracted further or remained weak. However, five of the twelve districts noted a moderation in the pace of decline, and several saw signs that activity in some sectors was stabilizing at a low level.
However, every recession in US history has been reversed by either a war or "bubble" growth. The only exception was the economic boom of the 1980s which was a direct result of Reagan's economic policy, large scale modernization, and important technological changes in industry and the economy.
The question is, what new industry or technology will allow us to boom again?
We'll have to wait for India or China to invent it because we offshored almost all our R&D
When it takes two working adults to support a modern American family, despite phenomenal technological advances, labor saving devices, and mass production, one must question what our "antiquated" forefathers knew that we didn't?
You can't let the "fleas" run the "dog", without killing the "dog".
Wages havent kept pace with productivity. This has been the case since Reagan's unionbusting days.
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